As of September 30, 2023, Banca Profilo Group closes the first nine months with a net profit of 10.6 million euros (25.7% year-on-year), an increase of 2.2 million euros. Total customer deposits stand at 5.8 billion euros (8.6% year-on-year), increasing by approximately 0.5 billion euros compared to the 5.4 billion euros as of September 30, 2022. Total net revenues amount to 56.9 million euros (13.4% year-on-year), an increase of 6.7 million euros compared to the previous year’s 50.2 million euros.
Operating income is on the rise at 17.2 million euros (21.1% year-on-year), with cost-income improving to 69.8%. The CET 1 ratio is at 23.1%, increasing year-on-year and among the highest in the market, confirming the bank’s financial strength. These results demonstrate the effectiveness of the initiatives proposed in the Industrial Plan, which is coming to a close.
Meanwhile, Banca Profilo is working to finalize the drafting of the new 2024-26 Industrial Plan.
Read the press release to learn more.
